NASDAQ:MCRIMonarch Casino & Resort Stock Price, Forecast & News

Monarch Casino & Resort's stock was trading at $26.47 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MCRI shares have increased by 20.9% and is now trading at $32.00. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Monarch Casino & Resort.

Monarch Casino & Resort is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Monarch Casino & Resort.

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) released its quarterly earnings data on Wednesday, April, 22nd. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.30 by $0.19. The company earned $51.01 million during the quarter, compared to analysts' expectations of $53.45 million. Monarch Casino & Resort had a net margin of 11.11% and a return on equity of 9.39%. View Monarch Casino & Resort's earnings history.

4 brokers have issued 12-month price objectives for Monarch Casino & Resort's shares. Their forecasts range from $38.00 to $58.00. On average, they anticipate Monarch Casino & Resort's share price to reach $47.00 in the next twelve months. This suggests a possible upside of 46.9% from the stock's current price. View analysts' price targets for Monarch Casino & Resort.

Media stories about MCRI stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Monarch Casino & Resort earned a daily sentiment score of -1.8 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Monarch Casino & Resort.

Monarch Casino & Resort saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 810,900 shares, a drop of 16.2% from the May 31st total of 967,700 shares. Based on an average daily trading volume, of 191,300 shares, the days-to-cover ratio is currently 4.2 days. Approximately 6.4% of the company's stock are sold short. View Monarch Casino & Resort's Current Options Chain.

Some companies that are related to Monarch Casino & Resort include Las Vegas Sands (LVS), Caesars Entertainment (CZR), Wynn Resorts (WYNN), MGM Resorts International (MGM), Churchill Downs (CHDN), Penn National Gaming (PENN), Advanced Drainage Systems (WMS), Boyd Gaming (BYD), International Game Technology (IGT) and Scientific Games (SGMS). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Monarch Casino & Resort investors own include Hawkins (HWKN), IBM (IBM), KEMET (KEM), Micron Technology (MU), United Rentals (URI), Gilead Sciences (GILD), Penn National Gaming (PENN), T-Mobile Us (TMUS), USANA Health Sciences (USNA) and AbbVie (ABBV).

Monarch Casino & Resort trades on the NASDAQ under the ticker symbol "MCRI."

Monarch Casino & Resort's stock is owned by a number of retail and institutional investors. Top institutional investors include Whittier Trust Co. (0.34%), Wedge Capital Management L L P NC (0.16%) and Whittier Trust Co. of Nevada Inc. (0.13%). View institutional ownership trends for Monarch Casino & Resort.

MCRI stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, and Whittier Trust Co.. View insider buying and selling activity for Monarch Casino & Resort.

MCRI stock was bought by a variety of institutional investors in the last quarter, including Whittier Trust Co. of Nevada Inc.. View insider buying and selling activity for Monarch Casino & Resort.

Shares of MCRI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MCRI stock can currently be purchased for approximately $32.00.

Monarch Casino & Resort has a market capitalization of $582.08 million and generates $249.17 million in revenue each year. The company earns $31.82 million in net income (profit) each year or $1.94 on an earnings per share basis. Monarch Casino & Resort employs 2,300 workers across the globe.

The official website for Monarch Casino & Resort is www.monarchcasino.com.

Monarch Casino & Resort's mailing address is 3800 S VIRGINIA STREET, RENO NV, 89502. The company can be reached via phone at 775-335-4600.